Services Provided

Assurance Services

Agreed-Upon Procedures

Customize your audit! In addition to providing the standard audit procedures and reporting we can report on additional areas of business operations. Our expert analysis just may improve performance and efficiency of your business.

Attestations

For those interested in measuring performance of certain business operations, outside the scope of a regular financial audit, we can perform attestation services for your business.

Audits, Reviews, & Compilations

Measuring and monitoring financial statements is the only way to effectively manage your business. Financial statements can give you insight on future growth of your business, capital planning and budgeting, and where costs can be cut to increase your bottom line. We offer all three levels of financial statement services; Audits, Reviews, and Compilations.

Governmental Auditing (Yellow Book)

Municipalities and other governmental agencies counting on government grants must remain in compliance with GAGSB or the Yellow Book.. We are specialized in conducting audits in compliance with Yellow Book standards.

Business Consulting

Business Entity Selection

Selecting the right type of entity can be a tricky decision. The decision you make will have many tax implications. We can examine the pros and cons of each entity and determine which entity election is right for your business.

Buying & Selling a Business

It is not smart to rush into buying or selling a business. Careful planning must be done to ensure that the transaction goes smoothly. Our staff can assist you by advising what the best way is to finance your purchase, determining an appropriate price for the sale of your business, or minimizing the tax consequences of your purchase or sale..

Management Advisory Services

Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.

Pension & Profit Sharing Plans

Qualified retirement plans can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.

Computer Consulting

The management and organization of information is vital to the well-being of any business. Small and large businesses alike benefit from good organizational practices that keep records and information in a usable structure. Some, not all, businesses can benefit from the use of technology to aid their processes.

Computer Networking

Networking is very important to a lot of businesses. If you want to benefit by having a network but are not big enough to hire a full time computer guy, outsource your networking problems to our network experts.

Quick Books Pro-Advisor

Accounting software is very powerful if it is used the right way, however, it can be very cumbersome if it is not set up correctly. Accounting transactions should be structured to be consistent and well organized. Let our Quick Books Pro-Advisor assist you in setting up your computerized accounting system.

Software Implementation

Businesses that cannot afford a full time IT guy should consider outsourcing their IT work to our firm. Our IT staff has experience implementing software packages on workstations and servers.

Website Design

It is becoming more and more common to see businesses and organizations with websites. Website development allows your business to fully take advantage of the billions of users on the internet everyday. In its simplest form, a web page is used to merely display information to the pubic. However, today a business or organization is able to advertise, send out newsletters, improve communications, and even engage in business transactions. Our website developer has many years of experience developing websites for businesses.

Financial Planning

Estate Planning

Do you know what will happen to your assets after you have died? Will your family and those closest to you still have security? Effective estate planning will address these issues as well as facilitate the complex process when that time comes.

Estate & Trust Tax Preparation

Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Offers in Compromise

Although the circumstances and reasons for an offer in compromise vary greatly, We have had success negotiating with the Internal Revenue Service on behalf of our clients. We will help the client prepare the necessary information including forms 433-A, 433-B, & 656 as well as representing the client in negotiations with the Internal Revenue Service.

Retirement Planning

Retirement planning is becoming increasingly important everyday. You tell us how well you want to live in retirement, and we will advise you about the financial decisions to make to get there.

Financial Services

Join the many other small businesses in south central Ohio that have found outsourcing their monthly financial reporting to our group of accounting specialists to be the most cost effective way of getting accurate monthly reports on their operating results. For those businesses too small to need a full time CPA or controller on staff but that still need accurate and reliable information to make ongoing business decisions, outsourcing financial service needs is the answer.

Bookkeeping/Write-up

Well-organized financial records are the key to smooth operating businesses. Our staff members are eager to assist you with the daily tasks associated with bookkeeping.

Cash Flow & Budgeting Analysis

Even the most profitable businesses run into financial problems due to cash flow and budgeting issues. A cash flow analysis will show you exactly how your business uses it's money. After looking at how your business uses it's money, we may make suggestions about the best way to budget or how to finance future investments and operations.

Financial Forecasts & Projections

Financial forecasting is a useful tool when trying to plan for the future growth of a business. Our team of highly skilled accountants will look at industry trends and economical factors to give you a peek at what your business's financial statements might look like  in the future.

Financial Statements

We can assist you in preparing monthly, quarterly, or annual compiled financial statements in accordance with generally accepted accounting standards or an other comprehensive basis of accounting for your business. These financial statements can be a useful financial decision making tool.

We will not express an opinion or any other form of assurance on the underlying information. For a higher degree of service please refer to our audit & review services.

Payroll Services

The scope of our payroll services goes above and beyond merely issuing employee payroll checks or quarterly tax reports. Our staff is able to advise on issues such as; which pay period interval will benefit your business the most, whether an individual qualifies as an independent contractor or whether it is advisable to put a family member on payroll.

Sales Tax Services

Sales tax reporting can be cumbersome for businesses with sales in many different counties with different sales tax rates. Let our staff assist you in preparing your monthly sales tax reports.

Income Tax Preparation

Yes! You can get CPA prepared and supervised tax returns at a price that is totally competitive with those less professional tax prep franchises. Unlike the quickie tax preparation places, our firm offers tax preparation services for all types of entities, and we are here year round!

Tax Preparation for All types of Entities

WSSR offers income tax services to all types of entities. Whether you have a  business that is a C-Corp, S-Corp, LLC, Not-For-Profit, or sole proprietorship, or you just want your individual tax return prepared, our staff is knowledgeable.

Tax Planning

Our CPAs are required to take continuing education classes to brush up on the latest tax laws and methods. It's certainly important to recognize all available deductions. However, modern tax laws are filled with alternatives and elections that affect the timing of when to recognize income or deductions. Our professionals are trained to advise you on making judgments that not only affect the current tax year but also create the least amount of tax over the long haul. WSSR understands that tax planning is a year-round job. Therefore, keeping up with changes in the tax laws is a job we take seriously because strategic tax solutions can result in significant tax savings for our clients.

Valuation Services

WSSR has performed valuation services for a wide range of closely held businesses since 1979. In addition to membership in the National Association of Certified Valuation Analysts our firm also has a certified valuation analyst on staff. Valuations are conducted in accordance with guidelines from various professional valuation sources.

Divorce

Divorce is always a difficult time, and the last thing you want to worry about is "what is the business worth?" We are here to issue a fair and independent report on the value of a business for court proceedings. We have experience providing independent valuations for the courts as well as providing expert testimony.

Estate & Gift Tax Valuations

When a business interest is transferred as a gift or as part of an estate, it must be valued. This could be a sole proprietorship, partnership interest or private company stock. The Internal Revenue Service issues strict guidelines on how to value this interest as stated in Revenue Ruling 59-60. A professionally prepared and supportable valuation is necessary to minimize any IRS challenge that may arise.

Mergers & Acquisitions

Strategic planning in connection with a merger, an acquisition, or a sale of a business calls for an independent assessment of value. You will be better prepared to make important decisions regarding your business with a clear, concise report on all aspects of the valuation. Our report will be issued from a fair, financial point of view.